Error-Driven Restatements Rose
Again in 2003, but Pace Slowed

Restatements of annual financial statements driven by accounting errors continued to rise in 2003, a study shows.

The number of restatements of annual reports by public companies totaled 206 last year, up 13% from 2002's tally of 183, according to Huron Consulting Group LLC, a Chicago firm that specializes in forensic accounting and...